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Broward County/Hollywood/33029

33029

ZIPSAFMR
Broward County, FL
Zillow

ZIP Investment Score

79Below average

095130300
BRFMR
Eff. Rent
0 BR$2,360$2,600
1 BR$2,560$2,820
2 BR$3,120$3,300
3 BR$4,260$3,690
4 BR$4,920$5,040
5 BR$5,658Not available
6 BR$6,507Not available
7 BR$7,483Not available
8 BR$8,605Not available

Purchase Price Calculator

Maximum purchase price
$428,462

Cost breakdown

+Likely effective rent$3,300
HUD FMR$3,120
Market rent$3,390
Est. payment standard (106%)Used$3,300
-Principal and interest-$2,167
Loan amount$342,770
Down payment$85,692
Rate6.50%
Term30 years
-Operating costs-$933
Property taxes-$428
Insurance-$175
Utilities$0
HOA$0
Management-$330
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$52,425(61.2% ROI)
Projected value
$461,407
Return breakdown
Property appreciation+$32,945
Loan principal paid down+$12,281
Rental cash flow+$7,200
5-year hold
+$90,203(105.3% ROI)
Projected value
$484,766
Return breakdown
Property appreciation+$56,303
Loan principal paid down+$21,900
Rental cash flow+$12,000
10-year hold
+$196,188(228.9% ROI)
Projected value
$548,468
Return breakdown
Property appreciation+$120,006
Loan principal paid down+$52,183
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.74
1 BR
0.85
2 BR
0.92
3 BR
1.15
4 BR
0.96
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 33029 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33029 (Hollywood, FL) is $3,120 a month. That is down 3.4% from $3,230 in FY 2026. Hollywood is in the Fort Lauderdale, FL HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 87 ZIP codes in Broward County, 33029 has the 8th-highest two-bedroom rent (county range $1,780–$3,480). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33029 is 112% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33029
BedroomsFY 2027Change90–110% range
Studio$2,360−1.7%$2,124–$2,596
1BR$2,560−2.7%$2,304–$2,816
2BR$3,120−3.4%$2,808–$3,432
3BR$4,260−4.3%$3,834–$4,686
4BR$4,920−9.1%$4,428–$5,412

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33029
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,360$2,560$3,120$4,260$4,920
FY 2026$2,400$2,630$3,230$4,450$5,410
FY 2025$2,650$2,890$3,580$4,940$6,010
FY 2024$2,360$2,540$3,150$4,370$5,350
FY 2023$2,050$2,220$2,770$3,870$4,720

Two-bedroom rent in nearby Broward County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 33029
33018$2,830−9.3%
33019$2,500−19.9%
33020$2,300−26.3%
33021$2,440−21.8%
33022$2,320−25.6%
33023$2,010−35.6%
33024$2,190−29.8%
33025$2,550−18.3%
33026$2,510−19.6%
33027$2,290−26.6%
33028$3,090−1.0%
33029Current$3,120—

Questions about ZIP 33029 rents

How much will Section 8 pay for a two-bedroom in ZIP 33029?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,120, that basic range is $2,808 to $3,432 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 33029 in?

ZIP 33029 is in the Fort Lauderdale, FL HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in ZIP 33029 for FY 2027?

The two-bedroom FMR fell 3.4%, from $3,230 in FY 2026 to $3,120 in FY 2027. Since FY 2023 it has risen 12.6%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentHollywood, FL fair market rentFL statewide rentsWhat is SAFMR?Data sources